Publication:
Local Economic Development and Tourism

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dc.contributor.authorHayakawa, Tatsuji
dc.contributor.authorRivero, Monica
dc.contributor.authorMaria Solo, Tova
dc.date.accessioned2012-08-13T11:00:57Z
dc.date.available2012-08-13T11:00:57Z
dc.date.issued2008-11
dc.description.abstractAs discussed in Hawkins and Mann (2007), the World Bank dropped its engagement in the tourism sector during the 1980s after twenty years of financing Bank's tourism projects which included infrastructure for resort sites, lines of credit for hotels, training, and some investment in hotels and other tourism related projects. At the time, World Bank lending for tourism in Latin America and Caribbean (LAC) was just above US$350 million. After the tourism department closed in the late 70s, some projects supporting tourism continued, but total lending fell to US$150 million by the mid-80s. It had reached a low of US$50 million by the mid-90s. However, in the mid-90s the trend started reversing itself and by 2007 lending for tourism grew to US$175 million, and is expected to pass the $350 million dollar mark during 2008-09. The World Bank's renewed interest in tourism derives from its direct and indirect roles in reducing poverty and achieving the United Nations millennium development goals. Tourism is currently estimated to contribute around 10 percent of global gross domestic product (GDP) nowadays (Brida et al, 2007) and to be the largest contributor to employment worldwide. Thus tourism can impact positively on local economic development (LED) and, in turn, can lead to poverty reduction in destination communities and countries.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/11/12050676/local-economic-development-tourism
dc.identifier.doi10.1596/10268
dc.identifier.urihttps://hdl.handle.net/10986/10268
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesen breve; No. 138
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADVENTURE TOURISM
dc.subjectARCHEOLOGY
dc.subjectARCHITECTURAL INTEREST
dc.subjectBANK LENDING
dc.subjectBANKING SECTOR
dc.subjectBASIC
dc.subjectCARIBBEAN COAST
dc.subjectCITIES
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMUNITY BASED TOURISM
dc.subjectCOMMUNITY TOURISM
dc.subjectCONSERVATION
dc.subjectCONSERVATION INTERNATIONAL
dc.subjectCREDIT PROGRAM
dc.subjectCREDIT PROGRAMS
dc.subjectCRUISE
dc.subjectCRUISE SHIPS
dc.subjectCULTURAL HERITAGE
dc.subjectCULTURAL TOURISM
dc.subjectCULTURAL TOURISM DEVELOPMENT
dc.subjectCULTURAL UNDERSTANDING
dc.subjectDEVELOPMENT BANK
dc.subjectDONOR RESOURCES
dc.subjectECO-TOURISM
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECOTOURISM
dc.subjectEMPLOYMENT
dc.subjectENTERPRISE DEVELOPMENT
dc.subjectENVIRONMENTAL CONSERVATION
dc.subjectENVIRONMENTAL SUSTAINABILITY
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SUPPORT
dc.subjectFISHING
dc.subjectHANDICRAFTS
dc.subjectHERITAGE PROTECTION
dc.subjectHISTORIC CITY
dc.subjectHOLIDAYS
dc.subjectHOST CITY
dc.subjectHOTELS
dc.subjectHUMAN CAPITAL
dc.subjectINDIGENOUS COMMUNITY
dc.subjectINDIGENOUS CULTURES
dc.subjectINITIAL FUNDING
dc.subjectLANDSCAPES
dc.subjectLEARNING
dc.subjectLINE OF CREDIT
dc.subjectLINES OF CREDIT
dc.subjectLOAN
dc.subjectLOCAL HERITAGE
dc.subjectLOCAL TOURISM
dc.subjectMICRO CREDIT
dc.subjectMICRO CREDITS
dc.subjectMICRO-CREDIT
dc.subjectMICRO-CREDITS
dc.subjectMICRO-ENTERPRISES
dc.subjectMICRO-FINANCE
dc.subjectMICRO-FINANCE INSTITUTION
dc.subjectMUNICIPAL TOURISM
dc.subjectMUNICIPALITIES
dc.subjectNATIONAL PARK
dc.subjectPROFITABILITY
dc.subjectQUALITY OF LIFE
dc.subjectRESORT
dc.subjectRESPONSIBLE TOURISM
dc.subjectRURAL CLIENTS
dc.subjectSMALL BUSINESSES
dc.subjectSOCIAL CAPITAL
dc.subjectSOCIAL RESPONSIBILITY
dc.subjectSUSTAINABLE TOURISM
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTEMPLE
dc.subjectTOUR
dc.subjectTOUR GUIDES
dc.subjectTOURISM
dc.subjectTOURISM BUSINESSES
dc.subjectTOURISM DEPARTMENT
dc.subjectTOURISM DEVELOPMENT
dc.subjectTOURISM DEVELOPMENT PROJECT
dc.subjectTOURISM ENTERPRISES
dc.subjectTOURISM ENTREPRENEURS
dc.subjectTOURISM MARKET
dc.subjectTOURISM PROJECTS
dc.subjectTOURISM RESEARCH
dc.subjectTOURISM SECTOR
dc.subjectTOURIST
dc.subjectTOURIST DESTINATION
dc.subjectTOURIST DESTINATIONS
dc.subjectTOURISTS
dc.subjectTRADITIONAL VALUES
dc.subjectURBAN AREAS
dc.subjectURBAN DEVELOPMENT
dc.subjectURBAN PLANNING
dc.subjectVISITOR
dc.subjectVISITORS
dc.titleLocal Economic Development and Tourismen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T09:11:22.521385Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2008/11/12050676/local-economic-development-tourism
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.guid389071468276341020
okr.identifier.externaldocumentum000333037_20100406013209
okr.identifier.internaldocumentum12050676
okr.identifier.report53823
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/04/06/000333037_20100406013209/Rendered/PDF/538230BRI0En0B1LED0Tourism01PUBLIC1.pdfen
okr.region.administrativeLatin America & Caribbean
okr.topicCultural Heritage and Preservation
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicEnvironment::Tourism and Ecotourism
okr.topicCulture and Development::Cultural Policy
okr.unitSustainable Development Dept (LCSSD)
okr.volume1 of 1
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